Avinor's climate goals approved by the Science Based Targets initiative (SBTi)

08 Nov 2024 12:33 CET

Oslo, November 8, 2024: Avinor has followed the expectations outlined in the
ownership report and has set science-based climate goals. Science-based climate
goals are defined as goals that align with the Paris Agreement.

Short-term and long-term goals:
• Avinor AS commits to reducing absolute greenhouse gas (GHG) emissions in scope
1 and 2 by 42 percent by 2030, compared to 2022*. Avinor AS also commits to
having 71 percent of the company's customers in the "Use of sold products"
category with science-based goals by the end of 2028.

• Avinor AS commits to reducing absolute greenhouse gas (GHG) emissions in scope
1, 2, and 3 by 90 percent by 2050, compared to the baseline in 2022.

-Reducing greenhouse gas emissions is central to Avinor's strategy. Air traffic
is the dominant source of emissions in the aviation industry, but all
stakeholders must take responsibility for systematic emissions reduction. We
have now set climate goals that align with the Paris Agreement. Our goal is to
reduce our own emissions (scope 1 and 2) by 42% in 2030 compared to 2022. Avinor
has been working to reduce its own emissions for many years, and this effort
will now be intensified, says CEO Abraham Foss of Avinor.

-One of the most important measures is to establish a biogas plant at Svalbard
Airport. We will also continue to phase in electric vehicles where possible and
use advanced biodiesel in our heavy vehicles. We are working to optimize
airspace so that airlines use less fuel, and we are driving the adoption and
production of sustainable aviation fuel as well as the development and testing
of zero- and low-emission aircraft, says Foss.

Important for the state as an owner
-I would like to congratulate Avinor on setting science-based climate goals. It
is important for the state as an owner that our companies are leaders in
transparency and reporting. This gives credibility to the companies' climate
work and enables progress to be measured in a clear and verifiable manner, says
Minister of Transport Jon-Ivar Nygård.

There is a clear expectation in the ownership report that state-owned companies
should lead the way and set science-based climate goals for their emissions
reduction efforts. Avinor is the first company owned by the Ministry of
Transport to have its goals validated and approved by SBTi.

What is science-based climate goals?
Science-based climate goals is a method and tool for setting goals and reducing
emissions in companies. It is a comprehensive process that requires a good
overview of both direct and indirect emissions the business has. Once the goals
have been evaluated and approved by SBTi, annual progress reporting is required.


Short-term as well as long-term goals
The goals are evaluated according to SBTi's recognized Net-Zero Standard
Criteria. Avinor's climate goals are both short-term (2030) and long-term
(2050), and they encompass Avinor's direct emissions (scope 1), indirect
emissions from energy (scope 2), and emissions in Avinor's value chain (scope
3). An absolute goal has been set for scope 1 and 2 (emission reduction in own
operations and energy consumption), as well as an engagement goal for scope 3
(influencing customers to set their own SBTi goals).

List of measures
Several measures need to be implemented in the coming years to achieve the goal
of a 42% reduction in absolute greenhouse gas emissions by 2030 compared to the
level in 2022. Some of the measures will reduce greenhouse gas emissions
gradually rather than linearly.

Energy:
• Establish a biogas plant at Svalbard Airport
• Reduce own energy consumption
• Expand the use of renewable energy

Vehicles:
• Phase in zero-emission vehicles/biogas where possible
• Continue to use advanced biodiesel and phase in advanced biodiesel at more
airports

De-icing:
Reduce the use of de-icing chemicals through innovation
Collaborate with airport operators in Scandinavia to demand fossil-free
de-icing.

* The goal includes emissions and removals of greenhouse gases associated with
agriculture and bioenergy resources.

More information:
Access the news on Oslo Bors NewsWeb site

631717_Avinor As - Near-Term Approval Letter - Thursday_ 3 October 2024 (1).pdf
631717_Avinor As - Net-Zero Approval Validation Report - Tuesday_ 8 October 2024 (1).pdf